# Oversupply Weakens Global Ammonia Prices - ProAg

> Global ammonia prices weakened in May amid oversupply from new production, with the Tampa June contract falling $17 to $220/mt CFR, the lowest since summer 2017. Ukrainian and Malaysian FOB prices also softened, and domestic US prices are falling as wet fields and delayed planting cut demand.

- Date: 2019-06-17 · published 2019-06-17T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/58898-oversupply-weakens-global-ammonia-prices-proag
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Cheaper nitrogen inputs reduce fertilizer costs for corn growers, though lower planted corn acres from wet weather weaken sidedress demand. Continued weak prices could eventually prompt production cuts.

## Read by commodity

- CORN: neutral

## Sources

- proag.com: https://www.proag.com/news/oversupply-weakens-global-ammonia-prices/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.